Get Approved at The Lowest Rate
Securing a down payment can be one of the biggest challenges on the path to homeownership. That’s why we’re thrilled to offer a comprehensive Down Payment Assistance (DPA) program in Petersburg, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Petersburg, TX provides a financial boost to eligible homebuyers in Petersburg, TX, making it easier to cover the upfront costs of purchasing a home. This assistance is available in the form of a forgivable grant, which means you don’t have to repay it under certain conditions.
Our DPA program is available in most states across the U.S., excluding Washington state. This extensive reach ensures that many aspiring homeowners in Petersburg, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Petersburg, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Petersburg, TX, which can be used for closing costs. This flexibility allows for a more manageable and less stressful home-buying experience.
Enjoy the freedom of homeownership in Petersburg, TX without any resale restrictions. You can sell your home whenever you choose without worrying about penalties or limitations.
To qualify for our FHA Down Payment Assistance program, you need to meet the following criteria:
A FICO score of 580 qualifies you for Approve/Eligible status in Petersburg, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Petersburg, TX.
If you’re still working, you must either be retired or actively volunteer in your community.
We are committed to guiding you through every step of the home-buying process in Petersburg, TX. Our experienced team will work closely with you to explore your options, ensuring you make informed decisions that suit your financial situation and homeownership goals.
Don’t let the down payment be a barrier to your dream home. Contact Horizon Lending Services today to learn more about our FHA Down Payment Assistance program in Petersburg, TX and take the first step towards owning your home. Our dedicated professionals are here to help you navigate the complexities of home buying with confidence and ease.
Let Horizon Lending Services be your trusted partner in turning your homeownership dreams into reality.
FHA down payment assistance programs can significantly lower the initial financial burden of purchasing a home for first-time buyers. Applicants may be eligible for grants or loans, reducing the required down payment amount and making homeownership more achievable. Another key benefit is the competitive interest rates offered by FHA loans, making them an attractive option for those looking to buy a home in Petersburg. These rates can help borrowers save money over the life of the loan compared to traditional financing options. Additionally, FHA loans are more lenient when it comes to credit score requirements, allowing individuals with less-than-perfect credit to qualify for a mortgage and fulfill their dream of homeownership in Petersburg. Demographics Petersburg, Texas, is a small town with a population of approximately 1,200 residents. The community is known for its close-knit feel and family-friendly environment, making it an appealing place to settle down and raise a family. Housing Market The housing market in Petersburg offers a mix of historic homes and new construction, providing options for buyers with diverse preferences. With the help of FHA down payment assistance programs, more individuals can access these housing opportunities and invest in real estate in the area. Main Attractions Petersburg is home to attractions such as the White River Lake, where residents can enjoy fishing, boating, and other recreational activities. The town also hosts annual events like the Petersburg Watermelon Roundup, celebrating local culture and bringing the community together.
The Benefits of FHA Down Payment Assistance Home Loan in Petersburg, Texas
